Boothbay Fund Management LLC boosted its holdings in shares of City Office REIT, Inc. (NYSE:CIO - Get Rating) by 28.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 195,903 shares of the real estate investment trust's stock after acquiring an additional 43,974 shares during the period. Boothbay Fund Management LLC owned about 0.49% of City Office REIT worth $1,953,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
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Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CIO. Advisor Group Holdings Inc. grew its holdings in City Office REIT by 22.3% during the 1st quarter. Advisor Group Holdings Inc. now owns 6,571 shares of the real estate investment trust's stock worth $116,000 after acquiring an additional 1,200 shares in the last quarter. Raymond James & Associates grew its holdings in City Office REIT by 36.4% during the 1st quarter. Raymond James & Associates now owns 56,962 shares of the real estate investment trust's stock worth $1,006,000 after acquiring an additional 15,212 shares in the last quarter. US Bancorp DE grew its holdings in City Office REIT by 165.1% during the 1st quarter. US Bancorp DE now owns 7,245 shares of the real estate investment trust's stock worth $128,000 after acquiring an additional 4,512 shares in the last quarter. Bank of Montreal Can bought a new position in City Office REIT during the 1st quarter worth about $5,674,000. Finally, MetLife Investment Management LLC grew its holdings in City Office REIT by 57.0% during the 1st quarter. MetLife Investment Management LLC now owns 23,617 shares of the real estate investment trust's stock worth $417,000 after acquiring an additional 8,574 shares in the last quarter. 76.80% of the stock is currently owned by institutional investors.
Separately, B. Riley lowered their price target on shares of City Office REIT from $18.00 to $14.00 and set a "buy" rating on the stock in a report on Tuesday, November 8th.
NYSE:CIO opened at $8.77 on Friday. City Office REIT, Inc. has a fifty-two week low of $8.03 and a fifty-two week high of $18.35. The stock has a market capitalization of $348.34 million, a P/E ratio of 0.85, a P/E/G ratio of 1.12 and a beta of 1.62. The company has a debt-to-equity ratio of 0.95, a quick ratio of 2.14 and a current ratio of 2.14. The company's 50-day simple moving average is $9.07 and its 200-day simple moving average is $10.09.
The company also recently declared a quarterly dividend, which was paid on Tuesday, January 24th. Stockholders of record on Tuesday, January 10th were issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 9.12%. The ex-dividend date of this dividend was Monday, January 9th. City Office REIT's dividend payout ratio is currently 7.77%.
City Office REIT, Inc is a real estate investment trust. It focuses on acquiring, owning and operating office properties located primarily in metropolitan areas in the Southern and Western United States. The company was founded on November 26, 2013 and is headquartered in Vancouver, Canada.
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